Billion

Amid the escalating trade dispute between the U.S. and China, the U.S. Department of Agricultural has announced a program to assist farmers hurt by what it calls “unjustified retaliation and trade disruption.”RTT – Top Story

http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

The Trump administration announces a $ 16 billion aid program for American farmers that includes a three-pronged package of aid for American farmers who have been hurt by the U.S. trade war with China.Economy

The We Company, parent company of WeWork, is the latest in a string of richly valued start-ups set to go public this year. But though it is valued at $ 47 billion, it's far from turning a profit. Instead, it's hemorrhaging cash.Tech

The Trump administration asked Congress on Monday to increase NASA spending next year by an extra $ 1.6 billion as a “down payment” to accommodate the accelerated goal of returning Americans to the surface of the moon by 2024.

Democrat Elizabeth Warren’s plan to cancel existing student loan debt for millions of Americans is facing questions whether it’s fair to use taxpayers’ money to pay off someone else’s agreed commitments and if the people who paid off their student debts would be penalized for meticulous financial planning.FOX News

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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

The estimated cost to end homelessness in the San Francisco Bay Area is $ 12.7 billion and additional billions annually to fund ongoing services to the needy, according to a report released Wednesday.Real Estate

President Donald Trump’s administration has threatened to impose tariffs on approximately $ 11 billion worth of European goods amid a long-running dispute over European Union subsidies to aerospace giant Airbus.RTT – Political News

CNBC's Dom Chu reports on the settlement reached between General Electric and the Department of Justice. General Electric agreed to pay a $ 1.5 billion penalty for allegations related to subprime lending unitReal Estate

Get ready, the march of the “decacorns” is coming to Wall Street. What’s a decacorn? A few short years ago, if you were a private company with a valuation north of $ 1 billion, you were dubbed a “unicorn.” This new crop of tech darlings have valuations of far more than $ 10 billion. Last week kicked…Business | New York Post

When CEO Brittany Johnson heard that fashion brands were refusing to sell to her clothing rental startup FashionPass because they had entered into exclusive agreements with Rent the Runway, she felt “almost flattered.”

“[I thought] ‘Whoa, Rent the Runway actually sees us as a competitor? This is crazy!” Johnson told The Daily Beast.

After all, Rent the Runway is a heavyweight in the fledgling industry of clothing subscription services. The model allows customers to book an outfit for a day at a fraction of the retail cost, and return the piece after wearing it once. Just this week, Forbes reported that Rent the Runway, which was founded 10 years ago, had hit $ 1 billion in valuation.

German pharma group Merck KGaA launched a hostile $ 5.9 billion all-cash takeover offer for Versum Materials on Tuesday to boost its presence in the semiconductor materials market and sideline a rival bidder.

Alibaba, Tencent, Suning, and car makers including Chongqing Changan Automobile have set up a $ 1.5 billion Chinese ride-hailing venture, a move that could test the dominance of ride-sharing giant Didi Chuxing.

Rent the Runway has achieved unicorn status. On Thursday, the female-founded startup launched by Jennifer Hyman and Jennifer Fleiss in 2009 announced a $ 125 million Series F funding led by Bain Capital Ventures with participation from asset management firm Franklin Templeton …

Indonesian e-commerce firm Tokopedia plans to use the billion-dollar investment it secured last year to make the company "stronger," said its associate vice president of financial technology, Samuel Sentana.Finance

http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

In the heart of Singapore, one of the most expensive cities in the world, there’s a sprawling, vacant plot of private land 30 times the size of The White House.

Just down the road from the U.S. embassy and bordering condos worth S$ 4.5 million ($ 3.3 million) each, the swathe of untended jungle hides the remains of two abandoned palaces and would be worth a cool $ 3.5 billion if sold for development, according to one estimate. In a city where almost 8,000 people are crammed into each square kilometer and real estate prices are among the world’s highest, it is one of the greatest urban anachronisms in Asia.

“Owning a piece of land in Singapore is certainly a privilege as land is the most precious resource in the city-state,” said Christine Li, a senior director and head of research for Singapore at Cushman & Wakefield Inc. “Over the past five decades, land prices have appreciated significantly. This has fueled wealth creation for older generations. Many also aspire to own a landed property as it is a status symbol for the well-heeled.”

If something about this story sounds familiar, it’s probably because the plot line was borrowed by Kevin Kwan, author of Crazy Rich Asians, the book about Asia’s insanely rich that was made into a hit movie last year. The fictitious Young family inhabits a sprawling ancestral home, set within Singapore’s Tyersall Park.

In the real-life version, the 34-year-old Crown Prince of Johor, Tunku Ismail Sultan Ibrahim, is the registered owner of the 210,875 square meter plot, which lies in the former Tyersall Park, next to the Botanic Gardens. Inside, ravaged by fire and decay, are the ruins of Istana Woodneuk, the palace built by his ancestors in the late 19th century.

The plot owned by the Sultans of Johor was once larger, but has gradually reduced as the Singapore government acquired land to extend the Botanic Gardens, a Unesco World Heritage site. In 1990, the state bought a chunk for S$ 25 million and it got another 98,000-square-meter piece in 2009 for an undisclosed amount.

Malaysia has a constitutional monarchy, where the national throne rotates between rulers of the country’s nine states every five years. The southern state of Johor is ruled by the Crown Prince’s father, Sultan Ibrahim Sultan Iskandar.

Last year, the 60-year-old patriarch put 12 luxury cars from his extensive collection on display at an event held to mark the 90th anniversary of Singapore’s Fullerton Heritage precinct. They included a 1991 Lamborghini LM002 and a 1938 Lagonda Lightweight LG6, the only one in the world.

His other assets include a 22 percent share in Malaysia’s Forest City, a $ 100 billion Chinese-built project with apartments on artificial islands in the country’s south, and the family also owns stakes in a variety of public companies from 7-Eleven Malaysia Holdings Bhd. to telecoms firm REDtone International Bhd.

The Crown Prince, however, won’t be able to cash in on his Singapore land any time soon, even if he wanted to. The undeveloped area is zoned for “special use of green space,” meaning development for other purposes, such as residential or commercial, is restricted.

Were that to change — the land does sit in one of Singapore’s most desirable residential districts — it could be worth at least S$ 4.7 billion, according to a calculation by Alan Cheong, a senior director at brokerage Savills Plc.

The most expensive residence to change hands in Singapore over the past year was a so-called good class bungalow (luxury landed houses that are off limits to foreigners) also near the Botanic Gardens. The property was purchased by Tony Tung, the chairman of oil trader Winson Group for S$ 105.3 million ($ 78 million), the Business Times reported earlier this month, saying it was a record for that type of dwelling.

A representative for the Crown Prince didn’t immediately respond to a request for comment.

His father is pragmatic when it comes to matters of money.

“Let’s be honest here, we are a constitutional monarch. I have to earn my living like everyone else,” the Sultan said in a 2015 interview with local newspaper The Star. “I cannot depend on my allowances of RM27,000 ($ 6,640) a month. I must earn a living, like ordinary Malaysians.”

http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

In the decade after the trade, Deutsche Bank managers delayed the recognition of losses on the trade, sparking an internal debate among executives and the bank's auditor, the newspaper reported.Finance

Scientists have discovered in 2.1-billion-year-old black shale from a quarry in Gabon the earliest evidence of a revolutionary development in the history of life on Earth, the ability of organisms to move from one place to another on their own.

The White House is preparing a draft proclamation for President Donald Trump to declare a national emergency along the southern border and has identified more than $ 7 billion in potential funds for his signature border wall should he go that route, according to internal documents reviewed by CNN.

http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

The president’s proposal, in a rare Saturday address, is designed to ramp up pressure on Democrats, but many already say it is unacceptable.Politics

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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

House Democrats are pushing forward with legislation to beef up security at the borders without funding for the wall demanded by President Donald Trump, a move bound to intensify the standoff over a partial government shutdown heading into its fifth week.

http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

Microsoft Corp has been awarded a five-year contract worth $ 1.76 billion for delivering enterprise services for the Defense Department, Coast Guard and intelligence services, the Pentagon said on Friday.

In the U.S. 30 million Americans suffer from a form of fatty liver disease that turns into a form of liver cirrhosis that leads to death unless a patient can receive a liver transplant. Now drug companies are spending billions to help find a cure.Health and Science

Altria has paid a total of $ 14.6 billion for a hand in companies beyond its traditional hold in cigarettes over the past two weeks — a 45 percent share of cannabis company Cronos and 35 percent stake in e-cigarette maker Juul.Health and Science

Key investors in SoftBank’s giant tech fund have balked at a planned $ 16 billion investment in co-working startup WeWork, leaving SoftBank Chief Masayoshi Son to find an alternative as his ambitions hit up against the limits of his financial firepower.WSJ.com: WSJD

Juul's 1,500 employees are receiving a $ 2 billion bonus from Altria, averaging about $ 1.3 million each, as part of the tobacco giant's $ 12.8 billion investment in the e-cigarette maker, people familiar with the matter say.Health and Science

Singles Day is on 11/11 (see all those “1”s? they symbolize being alone) and has become in recent years a bigger Chinese shopping day than Black Friday or Cyber Monday. Alibaba was a pioneer in offering discounts on the holiday, and their sales are promoted with a live TV show advertising the discounts available on the website. Read more…

Investors sold off shares of Johnson & Johnson on Friday after a Reuters report said the company knew for decades that its baby powder contained asbestos, an allegation J&J has denied.Health and Science

Verizon Communications is booking a $ 4.5 billion accounting charge related to its Oath media business, a sign its bet on high-profile internet properties and content several years ago hasn’t worked out as expected.WSJ.com: US Business

Sears Holdings Chairman Eddie Lampert’s ESL Partners LP has submitted a $ 4.6 billion bid to buy the bankrupt retailer, the hedge fund said on Thursday. Sears, which had filed for bankruptcy protection on Oct. 15, faces a Dec. 15 deadline to find a buyer to keep it in business, according to court papers.Business | New York Post

Recently, tech giants including Google and Facebook ended their policies of forced arbitration for employees’ claims of sexual harassment and assault. In an interview for “Breakouts” on Yahoo Finance, Slack co-founder and chief technology officer Cal Henderson confirmed that Slack has not changed its policy on forced arbitration. Slack is a workplace messaging app that’s currently valued at $ 7.1 billion.

Amid a plunge in the cryptocurrency markets in the last 24 hours, the market capitalization of the world's biggest cryptocurrency Bitcoin fell below $ 100 billion for the first time in more than a year.Tech

Chinese e-commerce giant Alibaba Group Holding Ltd settled roughly 69 billion yuan ($ 9.92 billion) in the first hour of its annual Singles’ Day on Sunday, up roughly 21 percent from last year’s early haul of 57 billion yuan. Singles’ Day is the world’s biggest online sales event and last year netted Alibaba 168 billion yuan ($ 24.15 billion) in total sales.

International Business Machines agreed to buy software-and-services company Red Hat for about $ 33 billion in its biggest acquisition ever, a deal that IBM hopes will boost a cloud-computing business central to Chief Executive Ginni Rometty’s effort to revive the tech giant.WSJ.com: WSJD

Recent study insights reveal a telling tale of the extent of a parent’s love — and maybe even negligence — when it comes to their adult children. According to research, retirement security has taken a backseat for parents who are putting their children’s financial well-being ahead of their own future financial security, and they’re halting their golden-year plans just to make sure their offspring are thriving.

More than 2,500 American parents were surveyed for the study which marks the third in a multi-year research series from Merrill Lynch and Age Wave, a company that studies maturing consumers.

“In this new era of delayed financial independence of young people, financial planning is no longer a solo or coupled activity,” Ken Dychtwald, Ph.D., CEO, and founder of Age Wave said in a news release. “It’s become an ongoing family project with longer and different social, housing and economic interdependencies than we’ve seen before.”

80% of parents say they would be willing to make a major financial sacrifice for adult children, including dipping into their savings or cutting back their lifestyles. 25% would take on debt or pull money from retirement accounts. The research also found 31% of early adults ages 18-34 live with their parents, but even if the child is out of the house, parents are chipping in on school costs, health insurance, rent, and car expenses. 59% expect to help pay for their children’s weddings, 26% expect to contribute to their children’s first homes, and one-third plan to contribute to their grandchildren’s college costs.

Despite the financial sacrifices, 93% of respondents said being a parent was the most rewarding aspect of their lives and 94% said raising their children — and the costs that come with doing so — has been worth “every penny.”

“When emotions and money become intertwined, parents risk making financial decisions that can compromise their — and their children’s — financial futures,” Lisa Margeson, head of retirement client experience and communications at Bank of America Merrill Lynch, said in the release. “Parents can navigate this difficult balance by setting clear boundaries about their level of support, fostering financial independence in adult children, and reconciling spending on children with long-term savings goals to avoid jeopardizing their own financial security.”

The four major U.S. professional sports leagues could reap a combined $ 4.2 billion annually as a result of legal sports betting, most of it indirectly from increased fan engagement, according to a casino industry survey to be released later on Thursday.

British billionaire Richard Branson said on Thursday that his Virgin Group would suspend its discussions with Saudi Arabia’s Public Investment Fund over a planned $ 1 billion investment in the group’s space ventures, in light of the disappearance of Saudi journalist Jamal Khashoggi.

Recent study insights reveal a telling tale of the extent of a parent’s love — and maybe even negligence — when it comes to their adult children. According to research, retirement security has taken a backseat for parents who are putting their children’s financial well-being ahead of their own future financial security, and they’re halting their golden-year plans just to make sure their offspring are thriving.

More than 2,500 American parents were surveyed for the study which marks the third in a multi-year research series from Merrill Lynch and Age Wave, a company that studies maturing consumers.

“In this new era of delayed financial independence of young people, financial planning is no longer a solo or coupled activity,” Ken Dychtwald, Ph.D., CEO, and founder of Age Wave said in a news release. “It’s become an ongoing family project with longer and different social, housing and economic interdependencies than we’ve seen before.”

80% of parents say they would be willing to make a major financial sacrifice for adult children, including dipping into their savings or cutting back their lifestyles. 25% would take on debt or pull money from retirement accounts. The research also found 31% of early adults ages 18-34 live with their parents, but even if the child is out of the house, parents are chipping in on school costs, health insurance, rent, and car expenses. 59% expect to help pay for their children’s weddings, 26% expect to contribute to their children’s first homes, and one-third plan to contribute to their grandchildren’s college costs.

Despite the financial sacrifices, 93% of respondents said being a parent was the most rewarding aspect of their lives and 94% said raising their children — and the costs that come with doing so — has been worth “every penny.”

“When emotions and money become intertwined, parents risk making financial decisions that can compromise their — and their children’s — financial futures,” Lisa Margeson, head of retirement client experience and communications at Bank of America Merrill Lynch, said in the release. “Parents can navigate this difficult balance by setting clear boundaries about their level of support, fostering financial independence in adult children, and reconciling spending on children with long-term savings goals to avoid jeopardizing their own financial security.”